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This is actually pretty sweet. It turns out the lip-synching fiasco wasn’t the only near disaster to go on during Obama’s second inaugural event this January. Turns out Bey narrowly avoided a national crisis after a pair of pricy earrings turned up missing.

If you think BEYONCE’s headline-making “lip-synch” controversy was her BIG inauguration crisis, think again – here’s the secret even PRESIDENT OBAMA doesn’t know:

The minute she hit her D.C. hotel, Star Singer erupted in Mad Panic when she discovered that the 80-carat designer emerald earrings she was set to wear onstage – worth a staggering $1.8 million – had suddenly disappeared!

“After she and hubby JAY-Z checked into their hotel, Beyonce unpacked her bags and couldn’t find the earrings – which cost more than a luxury home,” said a friend.

“She rummaged through her luggage in a panic, getting her maid – and other housekeepers – to join the search.” Jay-Z, who’d stepped out of the suite, returned to chaos as Wifey tore the place apart. Begging his babe to chill, he asked: “Did you check your purse?”

Beyonce went berserk, shrieking: “You think I’m an idiot? Of course I did!”

Said the friend: “Jay quietly urged her to check again, so she opened it up to show him, and… Voila!…there were the earrings! Beyonce gasped. She thought she’d checked her purse, but it turned out she’d been so stressed, she actually hadn’t!”

HERE’S THE KICKER: “Beyonce then handed the maid a $500 reward for helping search – and Jay went NUTS,” said the friend. “He told Beyonce, ‘Man, I’m the one who found them! Why don’t you pay ME?’ ” Instead, hubby got a great big lip-synch (aka, kiss)! Aaawwww!

This story is pure comedy… This tale does a lot for their public image in terms of likability and generosity. Does anybody actually believe it though?